3i Group (LON:III) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of 3i Group (LON:III) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,769.20 ($50.00) and traded as high as GBX 4,211 ($55.86). 3i Group shares last traded at GBX 4,197 ($55.68), with a volume of 1,731,205 shares changing hands.

Analysts Set New Price Targets

Separately, Citigroup reissued a “buy” rating and set a GBX 4,850 ($64.34) price target on shares of 3i Group in a research report on Tuesday, April 15th.

3i Group Stock Performance

The firm has a 50 day simple moving average of GBX 3,904.91 and a 200-day simple moving average of GBX 3,769.20. The company has a debt-to-equity ratio of 6.20, a current ratio of 3.25 and a quick ratio of 0.09. The company has a market cap of £38.12 billion, a price-to-earnings ratio of 9.96, a PEG ratio of -0.35 and a beta of 1.01.

About 3i Group

3i is an investment company with two complementary businesses, Private Equity and Infrastructure.

We focus on opportunities where our sector and investment expertise, combined with our international presence and strong capital position, can create material value for our stakeholders.